Uber price target raised to $46 from $44 at Deutsche Bank

Deutsche Bank analyst Benjamin Black raised the firm’s price target on Uber Technologies to $46 from $44 and keeps a Buy rating on the shares. The company reported another strong quarter and a "very impressive" Q2 gross bookings and EBITDA guide, which were both well above Street expectations, the analyst tells investors in a research note. The firm says concerns around a potential Q2 mobility gross bookings miss did not materialize.